Kelley Blue Book Announces Winners of 2024 Best Resale Value Awards
ATLANTA, March 11, 2024 /PRNewswire/ -- Many car buyers do not realize that depreciation can be one of the biggest expenses they will encounter during their vehicle ownership period, or the extent of how much this amount can vary from one model to the next. Understanding a car's resale value can make the difference of hundreds, if not thousands, of dollars in the long run. To help new-car buyers shop smart, Kelley Blue Book, a Cox Automotive company, today announces the 2024 model-year brand, category and top 10 winners of the 22nd annual Best Resale Value Awards, recognizing vehicles for their projected retained value through the initial five-year ownership period.
- (Residual values used for award calculations are based on the 2024 model-year vehicles that appear in the January/February 2024 Kelley Blue Book® Residual Value Guide.
- In comparison, all vehicles in Kelley Blue Book's Top 10 for Best Resale Value in 2024 are projected to retain around 58% or more of their MSRP after the initial five-year ownership period.
- Now in its 22nd year, Kelley Blue Book's Best Resale Value Awards are based on projections from the Kelley Blue Book® Official Residual Value Guide.
- For more information about Kelley Blue Book's Best Resale Value Awards, visit https://www.kbb.com/awards/best-resale-value-cars-trucks-suvs/ .